A PROFILE 

•   Nepal Insurance Company Limited (NIC) is an oldest insurance and one of the leading non-life insurance companies of Nepal.

•   It is established by the Nepal Bank Limited, a leading and influential commercial bank of Nepal, as a joint venture with general public on Ashwin 8, 2004 (1947 September).

•   Paid up Capital is more than Rs.102 million and Shareholders’ Fund is more than Rs.188 million.

•   NBL, who is also our major client and influential factor of our business from other sources, owns 51% stake

•   Board has four representations including the Chairman from NBL and remaining three are of general public.

•   It is a listed Company with Nepal Stock Exchange since day one of the Stock Market.

•   This Company is run by a team of professionals and some of its members have the experience of more than 33 years.

•   Management is headed by Mr. Dinesh P S Poudyalaya as General Manager.

•   Offices in Birgunj, Biratnagar, Pokhara, Khasyauli, Nepalgunj, Narayngadh, Dhangadhi, Birtamod and Lahan with a team of highly experienced executives.

•   NIC also has Collection Centres at Banepa and Hetauda. 

INSURANCE COVERS

•Fire & Allied

•Marine (Cargo & Goods in Transit)

•Aviation

•Engineering (CAR, EAR, Boiler, Machinery & Plants, Electronic Equipment, ALOP etc.)

•Motor

•Banker’s Indemnity

•Directors’ & Officers’ Liability

•House Hold

•Personal Accident

•Burglary & House Breaking

•Cash in Transit

•Fidelity Guarantee

•Third Party & Public Liability

•Medical

•Overseas Mediclaim & Travel

•Students Safety etc.  

Reinsurance

•   Main reinsurance bouquet is led by the General Insurance Company of India (GIC), number one of South Asia and one of major player in the reinsurance world.

•   Are supported by other well reputed reinsurers like Asian Reinsurance Corporation, African Reinsurance Corporation, Mitsui Sumitomo Reinsurance Limited, Korean Reinsurance Corporation, Kenya Reinsurance Corporation, etc.

•   Sirius International Insurance Corporation, Trust International Insurance Company etc. are also supporting.

 Strength

•   This Company has capacity to insure any size of risks and due to this factor Company is also one of the major coinsurer and local reinsurer.

•   Business and industrial community also have great faith and trust in this Company.

•   As an Insurer this Company will try its best to provide 100% insurance requirement of Nepali Market.

•   Please be assured that you would be doing best for any decision you make and/or your suggestion for this Company.

•   You can also rely and trust in this Company and its quality services.

 Achievement

•   NIC started with Rs.50, 000 (20, 000 shares) as Paid-up Capital in 2004 and now it has reached more than Rs.100 million with the capitalization of virtually profits only.

•   Market capitalization value is more than Rs.400 million.

•   Premium volume has exceeded Rs.200 million a year.

•   This Company is a profit making entity from day one.

•   This Company has 129 employees.

•   This is one of the pioneers Company to believe on women power, so have about 25% of its human resources in women including 33% of executive level.

•   Company has more than 100 Insurance Agents all over the Country.

Assurance

     We would like to assure you that you can rely on this oldest Insurer of Nepal to insure any of your non-life insurance requirements as we are capable of insuring your entire insurance requirements.

Ensure a Secure Future

     Nepali Insurance Market needs the support from  Insured like you to maintain the availability and sustainability of the QUALITY INSURANCE.

THANK YOU VERY MUCH!